Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) Sees Significant Decrease in Short Interest

Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 129,100 shares, a decline of 52.6% from the February 13th total of 272,200 shares. Based on an average trading volume of 435,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the company are short sold.

Invesco PHLX Semiconductor ETF Trading Up 3.2 %

Shares of SOXQ stock traded up $1.12 during mid-day trading on Friday, reaching $36.25. The stock had a trading volume of 289,624 shares, compared to its average volume of 392,110. Invesco PHLX Semiconductor ETF has a 1-year low of $33.70 and a 1-year high of $46.82. The firm has a market cap of $411.08 million, a price-to-earnings ratio of 30.96 and a beta of 1.50. The business’s fifty day moving average is $39.33 and its 200-day moving average is $39.66.

Invesco PHLX Semiconductor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0689 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco PHLX Semiconductor ETF

Several institutional investors and hedge funds have recently bought and sold shares of SOXQ. HighTower Advisors LLC acquired a new position in shares of Invesco PHLX Semiconductor ETF in the 3rd quarter valued at about $221,000. JPMorgan Chase & Co. lifted its holdings in Invesco PHLX Semiconductor ETF by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 80,893 shares of the company’s stock valued at $3,295,000 after acquiring an additional 7,797 shares during the period. Sigma Planning Corp purchased a new stake in Invesco PHLX Semiconductor ETF in the 4th quarter worth approximately $208,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Invesco PHLX Semiconductor ETF by 58.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,000 shares of the company’s stock worth $1,263,000 after purchasing an additional 11,400 shares during the period. Finally, Kovack Advisors Inc. grew its stake in shares of Invesco PHLX Semiconductor ETF by 50.2% during the 3rd quarter. Kovack Advisors Inc. now owns 25,000 shares of the company’s stock worth $1,018,000 after purchasing an additional 8,350 shares during the period.

Invesco PHLX Semiconductor ETF Company Profile

The Invesco PHLX Semiconductor ETF (SOXQ) is an exchange-traded fund that is based on the PHLX / Semiconductor index, a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXQ was launched on Jun 11, 2021 and is managed by Invesco.